Curtiss-Wright Co. (NYSE:CW) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp raised its stake in shares of Curtiss-Wright Co. (NYSE:CW) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 7,922 shares of the aerospace company’s stock after purchasing an additional 81 shares during the quarter. Hancock Whitney Corp’s holdings in Curtiss-Wright were worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Curtiss-Wright during the third quarter worth about $69,000. World Investment Advisors LLC purchased a new position in Curtiss-Wright during the 3rd quarter worth approximately $47,220,000. Wilmington Savings Fund Society FSB acquired a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $53,000. Tidal Investments LLC boosted its holdings in shares of Curtiss-Wright by 2.6% in the 3rd quarter. Tidal Investments LLC now owns 1,159 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 29 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Curtiss-Wright by 7.3% in the third quarter. Franklin Resources Inc. now owns 332,047 shares of the aerospace company’s stock worth $115,469,000 after acquiring an additional 22,543 shares during the period. Hedge funds and other institutional investors own 82.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Lynn M. Bamford sold 8,289 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $346.87, for a total value of $2,875,205.43. Following the completion of the sale, the chief executive officer now directly owns 38,905 shares in the company, valued at $13,494,977.35. This represents a 17.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP George P. Mcdonald sold 148 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $325.41, for a total transaction of $48,160.68. Following the completion of the transaction, the vice president now directly owns 1,899 shares in the company, valued at approximately $617,953.59. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,797 shares of company stock worth $7,436,255. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Stock Performance

NYSE CW opened at $335.73 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.39. Curtiss-Wright Co. has a twelve month low of $249.14 and a twelve month high of $393.40. The stock has a 50-day moving average of $318.44 and a 200 day moving average of $344.94. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.48 and a beta of 1.03.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 12th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.15. Curtiss-Wright had a return on equity of 17.11% and a net margin of 12.98%. Sell-side analysts anticipate that Curtiss-Wright Co. will post 12.32 EPS for the current fiscal year.

Curtiss-Wright Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Thursday, March 27th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 27th. Curtiss-Wright’s dividend payout ratio is presently 7.96%.

Analyst Upgrades and Downgrades

CW has been the topic of several recent research reports. Truist Financial lowered their price target on shares of Curtiss-Wright from $357.00 to $338.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Citigroup lowered their target price on Curtiss-Wright from $450.00 to $424.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Stifel Nicolaus decreased their price target on Curtiss-Wright from $331.00 to $309.00 and set a “hold” rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average price target of $377.43.

Curtiss-Wright Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.